Shanghai officials warm to stablecoins despite China crypto ban: Report
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins.
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Solana plants a flag in Shanghai while BNB Chain stays quiet
Solana's strategic focus on infrastructure and AI in China may foster developer engagement, potentially influencing blockchain ado...
Bitcoin whales accumulate ahead of crucial US inflation report as $744 million exits ETFs
Bitcoin whales are accumulating before Wednesday's US inflation report, despite $744 million in recent spot ETF withdrawals. Accor...
Hyperliquid (HYPE) Price Today: HYPE Holds $80 Support Despite Mounting Bearish Pressure
CoinGecko data puts Hyperliquid’s market capitalization at approximately $18.04 billion and its daily trading volume near $918 mil...
Australia sets July 2027 start for crypto transaction reporting to tax office
Australia's crypto reporting plan enhances tax compliance, reduces evasion, and aligns with global standards, impacting traders an...
FBI helps smash crypto scam targeting Russian speakers in Brooklyn
The FBI has helped take down a crypto scam network that targeted Russian-speaking individuals living in the US and likely stole te...
Glassnode says Bitcoin remains capped by $88K holder cost basis despite declining selling pressure
Bitcoin's struggle against resistance levels and ETF outflows highlights the market's vulnerability to macroeconomic pressures and...